These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m

  • TropicalDingdong@lemmy.world
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    1 year ago

    I mean, it’s a pretty big step. It would basically make it such that a company has to expand it’s footprint to grow revenue.

    • pjhenry1216@kbin.social
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      1 year ago

      No, for investors to grow revenue it would. Which was the whole initial concept of owning the means of production. You invest in what you thought would make money. You didn’t invest because you wanted to take away employee’s earned value to yourself. But that’s what it came to. A majority of inflation is profit-driven related. Not government assistance related like many corporations and conservatives want you to think. Aside from that, any overt success is shared amongst everyone and no increase would be offset by normal COLA through the supply chain. People could survive and thrive without having to gut the value of employees or those in the supply chain. The only issue would be loss of business which is always a risk. But losses can be shared equally or if it’s a large enough loss over a long enough time, it would require some folks to be laid off and depending on why, the employees could put the person running the business.